- 6/26/2020 -
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Prudential Financial (PRU)
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|It was the negative week for the Prudential Financial (PRU). During the week, the PRU dropped -4.99 points, or -7.91%, and closed at 58.10 on Friday, June 26, 2020. PRU was trading at average weekly trading volume. |
Long-term trend: [See PRU long-term trend chart]
A long-term downtrend had started on May 1, 2019 at 106.40 and reached 38.62 on March 23, 2020. PRU lost 67.78 points, or 63.70%, in 46 weeks. The price is now at the 28.74% retracement level.
Medium-term trend: [See PRU medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 38.62 and reached 74.76 on June 8, 2020. PRU gained -36.14 points, or -93.58%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (59.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See PRU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See PRU short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 74.76 and reached 57.11 on June 26, 2020. PRU lost 17.65 points, or 23.61%, in 18 days. The price is now at the 5.61% retracement level.
Daily Technical Indicators: [See PRU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 12, 2020. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.